TENDERS AT BICEX

05.08.2004 [15:09]
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The weighted average exchange prices made up 4902,99 manats for 1 US dollar in the Baku Interbank Currency Exchange on August 4.

In the morning, the volume of deals closed by two banks was $6 000. The new session opening exchange rate was 4903 manats. At the call of 6 000 thousand and offer of 5 000 manat exchange rate rose 2 point to 4901.

According the results of the voice trading, the price for American currency appeared in the bank proposals in the electronic system of trades BEST was limited by 4903 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 mln 340 thousand dollars was fixed, which in manats equivalent turned up 11,473 billion. The average cost of one deal was $260 thousand. On USD/AZM T+1, T+0 instrument in BEST, no deals were closed because of lack of demand.

Deals were not made on instrument RUR/AZM, EUR/AZM.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manats credits to total amount of 35,844 billion manats.

No deals on credit instrument between the banks were on August 4.

TENDERS AT BICEX

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